By Kyunghee Park
There are now more than 10 companies testing vehicles at the facility at Nanyang Technological University in the west of Singapore
Grab will look at startups in sectors like mobility, fintech, logistics and food-tech.
After raising $85 million in a recent funding round, Carousell plans to build out its existing markets, which also include Indonesia, the Philippines and Taiwan, before expanding to more countries.
At a time when Asia remains a hotbed for deal flow, an availability of similar kind of businesses crowding the market may lead to higher valuations and even make exits challenging for many players.
The latest funding will help SolarHome expand its customer base to more than 40,000 homes in rural Myanmar by the end of 2018. It also aims to establish a presence in Cambodia, Indonesia and the Philippines by end of this year.
The deal also marked its first investment via a special purpose vehicle in Southeast Asia.
The partnership with Grab also marks Cargo’s first international expansion in Singapore, beyond its US home ground.
Moovaz has secured seed funding from a group of investors, including key personnel from Ong Beng Seng’s family office fund, Mojo Partners.
In a disclosure to Ho Chi Minh City Stock Exchange, GIC said it sold all the 5.4 million shares, equivalent to a 7.96 per cent stake, it held in Vinasun on May 25.
PropNex is said to be targeting a market capitalization of as much as S$250 million.